Multi-family duplex fully rented on yearly leases. Total income is $1,575 Monthly $18,900 yearly. Expenses are Insurance $1,262 per year and Taxes-1,445. Income $18,900 minus expenses equals $16,193 NOI. The property is well-maintained by a professional management company that can be retained if needed. Showing with a signed contract and pre-approval or proof of funds. Tenants pay electric, water ad trash.
Lease end dates:
03/30/21-02/28/22
03/01/21-02/28/22
If you have a hard time understanding why there are no showings consider this. A property manager must notify the tenants 24-48 hours on advance. In order to do this most PR's send a letter, text, call the tenant and place a letter on the door notifying them. Picture 20 different buyers walking through your living room in the next 7 days - and with Covid back, can you imagine the possible spreading of that and the legal ramifications if a tenant did contract Covid afterward. These are just a few of the reasons why there are no showings. Write a contract and inspect during DD.